Internet business Essay Example | Topics and Well Written Essays - 3250 words

lucre business - Essay ExampleThis moment connectivity has not been lost on business. As quickly as consumers are buying personal computers and accessing the Internet through modems or cable boxes, businesses are building and implementing web sites on the Internet, sensing the great potence in sales, advertising, and customer service. For some businesses, exploitation the Internet is not just an extension f their mean(prenominal) business, it is a matter f survival. Without a web site, many businesses would not able to compete inwardly their marketplace. However, in the frenzy to secure a presence on the Net, many businesses have not decent evaluated the risks they face when expanding activities to the Internet. Some businesses simply have not considered whether this newfangled sales and advertising tool creates new exposures for them. Others have regarded their activity on the Internet to be merely an extension f their normal functions, creating no new risks for them. Unfortu nately, this mindset could lead to major uncovered losses for businesses. Somewhat in the said(prenominal) manner, indemnity professionals have not thoroughly examined the exposures created by doing business on the Internet. There has been little review f existing policies to determine if they provide adequate coverage for Internet sales or advertising, and not lots has been d single to identify any new or unique risks that have originated with e-commerce. This truly is the information age, and one f the easiest sources f information to access is the Internet. Everyone seems to be headed for the Internet in one way or another. It has become a primary vehicle for communication, replacing the telephone, regular mail service, as the way to declare effectively in business and personal life. task has flocked to the Internet for some(prenominal) reasons. Some f these are the same reasons that have driven the general public to the Internet--ease f communication and the ability to get information and conduct research quickly and efficiently from the comfort f ones office or home. But business also recognizes the huge capability the Internet provides for advertising, sales, and cost reduction--driving more dollars to the bottom line. The objective f this denomination is to evaluate the risks businesses face by using the Internet in sales, advertising, and other online activities. These risks will then be analyzed in view f several beat commercial insurance policies ISOs Building and Personal Property Coverage Form (CP 00 10 06 95(*)), the Business Income (and Extra Expense) Coverage Form (CP 00 30 06 95*), and the Commercial General Liability Policy (CG 00 01 01 96(*)). The synopsis will review the perceived exposures f a business with a web site to determine whether these standard coverage forms protect the business from anticipated losses. The analysis will identify exposures that do not get on to be covered under these forms. In particular, the analysis w ill attempt to identify risks unique to the Internet. This article will